CapitaLand Investment secures initial $222 million for China business park fund

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The closed-end fund aims to invest in business parks across China and has secured a major institutional investor as its anchor.

CapitaLand Investment Limited has announced the initial close of its sixth onshore renminbi fund, the China Business Park RMB Fund III , securing $222 million in equity. This development is expected to increase CLI’s funds under management by $370 million once the fund is fully deployed.

To kick-start the fund’s operations, CLI will recapitalize its asset, Ascendas iHub Suzhou, by transferring it as a seed asset to CBPF III for $259 million . CLI will continue to manage the property, contributing to its recurring income. The facility holds a Leadership in Energy and Environmental Design Gold certification, indicating its adherence to sustainable building practices.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 9. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين